Pages

Thursday, September 30, 2010

money, money, money

The Portuguese Prime Minister announced yesterday that in order to balance the budget for next year the State would be taking austerity measures a few of which include: freezing pensions, reducing salaries of state workers (between 3.5% and 10% based on monthly income), and increasing the IVA (sales tax) to 23%. Looks like we are all headed for the poor house . . .